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Nancy
Nancy is 40 years old and lives with her three children in the municipality of Malambo, a metropolitan area of Barranquilla. She runs a general store which she began 11 years ago when she lived in another suburb in the south of Barranquilla. Two years after she set up her business, Nancy moved to Malambo, taking advantage of the fact that her sister ran a well-known store in the area. It was actually her sister who recommended that Nancy join the Mario Santo Domingo foundation, as her growing client base wanted new products and her working capital wasn't enough to meet her customer's demands. With the loans she obtained Nancy was able to keep her store continually stocked up with a diverse range of products for the home, which is still the case today. In spite of the challenges she has faced, Nancy has always been able to get ahead with the unconditional help of her children. Nancy accepts cash and credit payments from her customers who live locally in her area, which sees a lot of business.

This Kiva credit will be the third loan that Nancy has taken out with the Mario Santo Domingo foundation. With this loan she will buy stationery items for the home as well as clothing accessories. This investment is destined for success as it has been planned at a time when sales traditionally pick up around the Day of Love and Friendship, which is celebrated during the months of August and September.

Nancy dreams of expanding her business, which is why she has her heart set on achieving sales goals in her general store. Based on workload and projected sales, her future profits can be estimated at no less than 35%.
View original language description ↓
Nancy de 40 años, vive en el municipio de Malambo, área metropolitana de Barranquilla y tiene 3 hijos; allí funciona su miscelánea, la cual inició hace 11 años cuando residía en otro barrio al sur de la ciudad de Barranquilla; al mudarse a la población de Malambo, emprendió hace dos años su negocio, aprovechando que su hermana tenía un local bien acreditado en el sector y justamente fue ella, quien le recomendó vincularse a la Fundación Mario Santo Domingo, pues su creciente clientela le insistía en nuevos productos y su capital de trabajo se tornaba insuficiente, para responderle oportunamente. Con sus créditos surtió siempre la miscelánea y diversificó su oferta con artículos para el hogar, como hasta la presente tiene. De sus desafíos siempre ha logrado salir adelante con el apoyo de sus hijos que son incondicionales. En su miscelánea vende a crédito y de contado, a clientes ubicados en el sector donde habita, que es muy comercial. Su credikiva es el tercer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará artículos de papelería, para el hogar, y también accesorios para las confecciones. Esta inversión está planeada como exitosa, porque está realizándola en un momento en el cual tradicionalmente repuntas sus ventas, por motivo de la celebración del día del amor y de la amistad, que impacta en los meses de agosto y de Septiembre el volumen de estas. Nancy tiene sueños de crecimiento empresarial y por eso se esmera en lograr metas de venta en su miscelánea , donde presenta indicadores financieros de acuerdo con el tipo de actividad y su rentabilidad sobre las ventas no es inferior a un 35% .

Additional Information

About Fundación Mario Santo Domingo

Fundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.

About Colombia

  • $6,070
    Average annual income
  • 268
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,778.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Nancy to purchase stationery items for the home as well as clothing accessories.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2011
Listed
Aug 27, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012